Originally Posted by
gloopy
He gives them guaranteed double digit annual returns backed by his foreign money, then calls that "US money" since it technically came from US investors. When that isn't enough, he buys tons of tickets he never intends on using with his personal accounts to funnel them revene under the guise of "just another citizen of the world" purchasing goods and services.
They've lost what, half a billion in 5 years and are less than 10% the size of most legacies, are always down to their last 20 or so mil while losing way more than that, yet are still around. He's an egomaniac blowing through his beer money until he finally breaks through or gives up.
gloopy,
Why would VA lose so much money if Branson were buying all the tickets?
That might be possible if the tickets were cheaper than other airlines (they aren't), or if he were buying, say, half the seats and the planes were flying empty (our average load factor is around 80%).
So really, you are full of BS.
Look, I work there, and myself and all the rest of us know that things don't look good. But let's try to stick to reality and leave fantasy to folks like Tolkein. OK?